That sort of gold deposit would be going for a motza! I do think whilst nifty is disappointing on the downside renison is proving to be very quality asset. In Cu terms it would be 17.5mt @ 4.5% Cu for 780kt Cu which again is a great deposit. This is one for the long term I think and $155m feels cheap, I might just jump in soon, though I can’t see anything happening short term given the macro. I don’t think they’ll be reaching out for cash given the $20m working cap facility and the cash spun by renison.
MLX Price at posting:
22.5¢ Sentiment: None Disclosure: Not Held
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